Consider the following data for two products of Vigano Manufacturing Budgeted Cost Activity Machine setup Parts...
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Consider the following data for two products of Vigano Manufacturing Budgeted Cost Activity Machine setup Parts handling Quality inspections Total budgeted overhead Unit Information Units produced Direct materials cost Direct labor cost Direct labor hours Actual Activity Usage Setups Parts Inspections Activity Driver $ 22,000 (20 machine setups) 17,000 (16,000 parts) 26,400 (100 Inspections) $ 66,000 1. Using a plantwide overhead rate based on 5,500 direct labor hours, compute the total product cost per unit for each product. 2. Consider the following additional information about these two products. If activity-based costing is used to allocate overhead cost, (a) compute overhead activity rates, (b) allocate overhead cost to Product A and Product B and compute overhead cost per unit for each, and (c) compute product cost per unit for each Product A 2,200 units $ 32 per unit $ 52 per unit 2 per unit Product A setups 10,000 parts 40 Inspections Complete this question by entering your answers in the tabs below. Product A Product B Product 440 units $ 42 per unit $62 per unit 2.50 per unit Direct Materials Required 1 Required 2 Using a plantwide overhead rate based on 5,500 direct labor hours, compute the total product cost per unit for each product. Direct Labor Overhead Product Cost per Unit Product S 12 setups 6,000 parts se inspections Required 2 > each, and (c) compute product cost per unit for each Product & setups 18,000 parts inspections Complete this question by entering your answers in the tabs below. Setigs Parts Inspections Required 1 Required 2 Machine setup per setup Parts handing par Quality inspection per inspection Alocasewerhead to Product A, and compute overhead cost per Allocated Cent Activity Machine stup Parts handing Quality impection Tutal allocated cont Units produced Overhead cent per unit athuket.com per Product A Product B Consider the following additional information about these two products. If activity-based costing is used to allocate overhead cost, (a) compute overhead activity rates, (b) allocate everhead cost to Product A and Product B and compute overhead cont per unit for each, and (c) compute product cost per unit for each. [Round your final answers to 2 decimal places) Show less Activity late For Und Product A Product Cont per Cink 0$ Product 12 stup 6,000 part < Required 1 FRAJULLE H se inspections pute overhead cost per un for Consider the following data for two products of Vigano Manufacturing Budgeted Cost Activity Machine setup Parts handling Quality inspections Total budgeted overhead Unit Information Units produced Direct materials cost Direct labor cost Direct labor hours. Actual Activity Usage Setups Parts Inspections Activity Driver $ 22,000 (20 machine setups) 17,600 (16,eee parts) 26,400 (100 inspections) $ 66,000 Product A 1. Using a plantwide overhead rate based on 5,500 direct labor hours, compute the total product cost per unit for each product. 2. Consider the following additional information about these two products. If activity-based costing is used to allocate overhead cost. (a) compute overhead activity rates, (b) allocate overhead cost to Product A and Product B and compute overhead cost per unit for each, and (c) compute product cost per unit for each. Per Unit 2,200 units $ 32 per unit $ 52 per unit 2 per unit Product A Product B Product B 440 units $ 42 per unit $ 62 per unit 2.50 per unit Product A 8 setups 10,000 parts 40 inspections Complete this question by entering your answers in the tabs below. Required 1 Required 2 Using a plantwide overhead rate based on 5,500 direct labor hours, compute the total product cost per unit for each product. Direct Materials Product Cost per Unit Direct Labor Overhead Product B 12 setups 6,000 parts <Required 1 60 inspections Required 2 > Required 1 Required 2 Consider the following additional information about these two products. If activity-based costing is used to allocate overhead cost, (a) compute overhead activity rates, (b) allocate overhead cost to Product A and Product B and compute overhead cost per unit for each, and (c) compute product cost per unit for each. (Round your final answers to 2 decimal places.) a. Compute overhead activity rates Activity Activity Rate per setup per part per inspection b. Allocate overhead to Product A, B and compute overhead cost per unit Allocated Cost Machine setup Parts handling Quality inspection Activity Product A Product B Machine setup Parts handling Quality inspection Total allocated cost Units produced Overhead cost per unit c. Product cost per unit using activity-based costing Per Unit Product A $ Product Cost per Unit < Required 1 0 $ Product B 0 Required 2 > Show less A Consider the following data for two products of Vigano Manufacturing Budgeted Cost Activity Machine setup Parts handling Quality inspections Total budgeted overhead Unit Information Units produced Direct materials cost Direct labor cost Direct labor hours Actual Activity Usage Setups Parts Inspections Activity Driver $ 22,000 (20 machine setups) 17,000 (16,000 parts) 26,400 (100 Inspections) $ 66,000 1. Using a plantwide overhead rate based on 5,500 direct labor hours, compute the total product cost per unit for each product. 2. Consider the following additional information about these two products. If activity-based costing is used to allocate overhead cost, (a) compute overhead activity rates, (b) allocate overhead cost to Product A and Product B and compute overhead cost per unit for each, and (c) compute product cost per unit for each Product A 2,200 units $ 32 per unit $ 52 per unit 2 per unit Product A setups 10,000 parts 40 Inspections Complete this question by entering your answers in the tabs below. Product A Product B Product 440 units $ 42 per unit $62 per unit 2.50 per unit Direct Materials Required 1 Required 2 Using a plantwide overhead rate based on 5,500 direct labor hours, compute the total product cost per unit for each product. Direct Labor Overhead Product Cost per Unit Product S 12 setups 6,000 parts se inspections Required 2 > each, and (c) compute product cost per unit for each Product & setups 18,000 parts inspections Complete this question by entering your answers in the tabs below. Setigs Parts Inspections Required 1 Required 2 Machine setup per setup Parts handing par Quality inspection per inspection Alocasewerhead to Product A, and compute overhead cost per Allocated Cent Activity Machine stup Parts handing Quality impection Tutal allocated cont Units produced Overhead cent per unit athuket.com per Product A Product B Consider the following additional information about these two products. If activity-based costing is used to allocate overhead cost, (a) compute overhead activity rates, (b) allocate everhead cost to Product A and Product B and compute overhead cont per unit for each, and (c) compute product cost per unit for each. [Round your final answers to 2 decimal places) Show less Activity late For Und Product A Product Cont per Cink 0$ Product 12 stup 6,000 part < Required 1 FRAJULLE H se inspections pute overhead cost per un for Consider the following data for two products of Vigano Manufacturing Budgeted Cost Activity Machine setup Parts handling Quality inspections Total budgeted overhead Unit Information Units produced Direct materials cost Direct labor cost Direct labor hours. Actual Activity Usage Setups Parts Inspections Activity Driver $ 22,000 (20 machine setups) 17,600 (16,eee parts) 26,400 (100 inspections) $ 66,000 Product A 1. Using a plantwide overhead rate based on 5,500 direct labor hours, compute the total product cost per unit for each product. 2. Consider the following additional information about these two products. If activity-based costing is used to allocate overhead cost. (a) compute overhead activity rates, (b) allocate overhead cost to Product A and Product B and compute overhead cost per unit for each, and (c) compute product cost per unit for each. Per Unit 2,200 units $ 32 per unit $ 52 per unit 2 per unit Product A Product B Product B 440 units $ 42 per unit $ 62 per unit 2.50 per unit Product A 8 setups 10,000 parts 40 inspections Complete this question by entering your answers in the tabs below. Required 1 Required 2 Using a plantwide overhead rate based on 5,500 direct labor hours, compute the total product cost per unit for each product. Direct Materials Product Cost per Unit Direct Labor Overhead Product B 12 setups 6,000 parts <Required 1 60 inspections Required 2 > Required 1 Required 2 Consider the following additional information about these two products. If activity-based costing is used to allocate overhead cost, (a) compute overhead activity rates, (b) allocate overhead cost to Product A and Product B and compute overhead cost per unit for each, and (c) compute product cost per unit for each. (Round your final answers to 2 decimal places.) a. Compute overhead activity rates Activity Activity Rate per setup per part per inspection b. Allocate overhead to Product A, B and compute overhead cost per unit Allocated Cost Machine setup Parts handling Quality inspection Activity Product A Product B Machine setup Parts handling Quality inspection Total allocated cost Units produced Overhead cost per unit c. Product cost per unit using activity-based costing Per Unit Product A $ Product Cost per Unit < Required 1 0 $ Product B 0 Required 2 > Show less A
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Required 1 Using a plantwide overhead rate based on 5500 direct labor hours compute the total produc... View the full answer
Related Book For
Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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